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915 High Street, Reservoir$2.25m
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915 High Street

Reservoir, VIC 3073, Australia
$2.25m
855 m²

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About this property

Nelson Alexander Commercial are delighted to offer For Private Sale this permit approved site in popular Reservoir. The corner site currently has plans and permit for a 3 storey medical facility with 1,601m2 of Net Lettable Area (NLA) plus parking. Alternatively the flexible 855m2 Commercial 1 (C1) landholding could accommodate a residential development (with a previous 4 level permit in place) or hospitality / fast food outlet (with KFC located on the opposite corner). Whatever your vision might be there are plenty of options with this versatile and flexible corner site. The site boasts a prime location, just a short walk from the newly upgraded Reservoir Station, Edwardes Street, and Broadway shops, including Coles and IGA. It's also only moments away from other key amenities like Ruthven Station, Preston Market, and Northland Shopping Centre. Investment opportunities like this are rare and not to be missed! This is a fantastic opportunity in a prime location that we highly recommend. Property Features: Zoned Commercial 1 (C1) Land Area 855m2 (approx.) Prime Reservoir Location Plans & Permit Approved (Endorsed by Council) Versatile Corner Location Current permit approved for 3 storey medical facility Net Lettable Area (NLA) of 1,601m2 (approx.) Previous permit approved for a 4 storey residential development 10 x 3 bedroom townhouses plus 2 x large retail tenancies Flexible 855m2 Commercial 1 Landholding The corner block is flat making it a straightforward development site Could also suit fast food, hospitality, childcare, showroom, retail and other uses (STCA) Just a short walk to the newly upgraded Reservoir Station The shopping strips of Edwardes Street and Broadway are a short stroll away including Coles and IGA Close to all public transport including the Western Ring Road This is a fantastic opportunity in a prime location that we highly recommend For all property enquiries or to request a copy of the architectural plans and permit please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
855 m²
Listed
3 months ago

Repayment calculator

$10,908/month
$5,454 /fortnight
Loan $1,800,000 at 6.10% over 30 years

Upfront costs

Deposit$450,000
Stamp duty$126,250
Conveyancing (est.)$2,000
Total upfront$578,250
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Reservoir

This land in Reservoir, VIC 3073 sits within reach of public transport, local shops and nearby schools. It is listed 181% above the $800,000 median of 65 comparable landswithin 5 km.

Schools near Reservoir

  • Northern School For Autismcombined · U · CoEd
  • Holy Name Schoolprimary · Prep-6 · CoEd
  • Maharishi School of the Age of Enlightenmentprimary · Prep-6 · CoEd
  • Reservoir East Primary Schoolprimary · Prep-6 · CoEd
  • Reservoir Primary Schoolprimary · Prep-6 · CoEd
  • Reservoir Views Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Ruthven station rail replacement stop (bus)727 m away
  • komotis.j1.1 km away
  • Cheddar Road East Linear Reserve473 m away
  • Reservoir Linear Reserve643 m away
  • Whitby Reserve686 m away

Reservoir at a glance

Full suburb profile
Population
51,096
Median age
38
Household income
$1,541/wk
Median rent
$360/wk
Median mortgage
$1,986/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Reservoir price trend

Median sold · House 3 bed

Compound growth -0.6% / yr over 4 yrs

$870kcurrent median

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Full Reservoir market

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Price history

Price history

Listing price changes

1 price change recorded for this property

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